What does NPDC mean in COMPANIES & FIRMS
NPDC - National Patent Development Corporation is a government-owned entity established in 1984 to promote and facilitate the commercialization of patented inventions in India. The organization plays a crucial role in bridging the gap between research and development, and the commercialization of innovative technologies.
NPDC meaning in Companies & Firms in Business
NPDC mostly used in an acronym Companies & Firms in Category Business that means National Patent Development Corporation
Shorthand: NPDC,
Full Form: National Patent Development Corporation
For more information of "National Patent Development Corporation", see the section below.
Purpose and Functions
NPDC's mission is to nurture and assist inventors, startups, entrepreneurs, and industries in translating their patented inventions into successful commercial products or processes. The organization provides a range of services to support innovation, including:
- Assistance in Patenting: NPDC offers guidance and support to inventors, helping them secure patents for their inventions.
- Commercialization Support: The organization provides financial assistance, technical expertise, and market linkages to help startups and entrepreneurs commercialize their patented inventions.
- Technology Transfer: NPDC facilitates the transfer of patented technologies from research institutions to industries, enabling the development and production of innovative products and services.
- Capacity Building: The organization conducts training programs, workshops, and seminars to enhance the skills and knowledge of inventors, entrepreneurs, and industry professionals in the field of intellectual property and commercialization.
Benefits of NPDC
NPDC's services have several benefits for the Indian innovation ecosystem, including:
- Accelerated Commercialization: NPDC's support enables inventors and startups to bring their innovations to market faster, reducing the time and cost associated with commercialization.
- Increased Investment: The organization attracts investment in innovative technologies by providing risk-sharing mechanisms and supporting commercialization efforts.
- Job Creation: Successful commercialization of patented inventions leads to job creation and economic growth.
- Technological Advancements: NPDC fosters innovation and technological advancements by supporting the development and deployment of new products and processes.
Essential Questions and Answers on National Patent Development Corporation in "BUSINESS»FIRMS"
What is the National Patent Development Corporation (NPDC)?
NPDC is a Government of India Enterprise, under the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology. It is responsible for promoting and commercializing technologies developed in publicly funded research institutions and universities in India.
What are the objectives of NPDC?
The primary objectives of NPDC include:
- Identifying and commercializing technologies with high commercial potential
- Providing support to inventors and entrepreneurs in the commercialization process
- Creating a conducive environment for technology transfer and innovation
- Promoting the growth of the Indian patent system
What are the services offered by NPDC?
NPDC offers a wide range of services to support technology commercialization, including:
- Patent filing and prosecution
- Technology evaluation and assessment
- Market research and business plan development
- Funding through its Venture Capital Fund
- Technology transfer and licensing services
Who can benefit from the services of NPDC?
NPDC's services are primarily targeted at:
- Publicly funded research institutions and universities
- Inventors and entrepreneurs
- Start-ups and SMEs
- Industry partners interested in licensing or commercializing technologies
How can I contact NPDC?
You can contact NPDC through the following channels:
- Website: https://www.npdc.co.in/
- Email: [email protected]
- Phone: +91-11-40161000
- Address: National Patent Development Corporation, 206, Okhla Industrial Estate, Phase - III, New Delhi - 110020
Final Words: NPDC is a key player in India's innovation ecosystem, supporting the commercialization of patented inventions and fostering technological advancements. The organization's services and expertise help inventors, startups, and industries bring their innovative ideas to the market, contributing to economic growth and technological progress in the country.
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